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Which of the following explanations for Walmarts profitability is most likely true? A. All of the options are true B. Walmarts competitive advantage is derived

Which of the following explanations for Walmarts profitability is most likely true?

A. All of the options are true

B. Walmarts competitive advantage is derived from path dependance/historical conditions

C. Walmarts competitive advantage is derived from brand equity/customer perceptions

D. Walmart operates in a very profitable industry

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